Nigeria Customs and Import – Duty tax calculation method

Customs Duties or Import duty A tax charged on certain goods which are brought into a coun… More and taxes will be pending and need to be cleared while importing goods into Nigeria Either by a private individual or a commercial entity.

The valuation method is CIF.

The import duty tax charged on certain goods which are brought into a coun… More and taxes payable are calculated on the complete shipping value, which includes the cost of the imported goods, the cost of freight and the cost of insurance.
Along with Import duty tax charged on certain goods which are brought into a coun… More, import goods are also subjected to sales tax Known as VAT (Value Added Tax) in the UK. A tax based on the… More, and other taxes specific to certain commodities such as excise, sugar levy, rice levy, cigarettes levy, and automotive levy.

Below is the Duty and Sales tax Known as VAT (Value Added Tax) in the UK. A tax based on the… More for Nigeria :

Duty Rates	Average Duty Rate	Sales Tax(GST)	Threshold on goods
0% to 35%	16.96%	ST=5% VAT = ST * (CIF + Duty+ other taxes)	No minimum threshold(All the goods are duty and taxes payable irrespective of import value)

Extra taxes and customs fees while importing:

Type of TaxA fee imposed by a government on personal or corporate income… More	Products	Rates
Excise duty	Only some products	5% to 30%
Sugar levy	Related products	10% to 20%
Rice levy	Related products	20%
Cigarettes levy	Related products	50% to 100%
Automotive levy	Related products	10% to 20%

Please find the lists and detailed information about other taxes here.

Below is the Excise Duty in Nigeria :

HS-Code	ProductThe result of a manufacturing or natural process (such as fo… More Description	Duty
3303.0000.00, 3304.3000.00 and 3307	Perfumes and Other toilet Water, Cosmetics	5%
2202.1000.00 – 2202.9000.91 – 2202.9000.99; 2009.1100.12 to 2009.9000.99	Non Alcoholic Beverages, Fruit Juice	5%
3401 or 3402	Soap and Detergent	5%
2203.0010.00 and 2203.0090.00	Beer and Stout	20%
2204.1000.00 – 2205.9000	Wines	20%
1902.1100 – 1902.3000	Spaghetti/Noodles	5%
2206.0000.00 – 2209.0000.00	Spirits and other alcoholic beverages	20%
2402.1000 – 2402.9000 2403.1000 – 2403.9900.00	Cigarettes and tobacco	20%
4911.9990.91	Telephone recharge cards/vouchers	5%
4808.1000, 4819.1000 – 4819.2000	Corrugated paper or paper board and cartons, boxes and cases made from corrugated paper and paper board.	5%
4818.1000 – 4818.9000	Toilet papers, cleansing or facial tissue.	5%

NOTE:

All extra charges are applied to the sum of the CIF value and duty. *

Source : (https://customsdutyfree.com/nigeria-customs-and-import-duty-tax-calculation-method/ )

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